Financial Statement Analysis Template – Professionally Designed Templates

VANCOUVER, British Columbia, May 14, 2021 (GLOBE NEWSWIRE) — WPD Pharmaceuticals Inc. (the “Company”) (CSE: WBIO) (FSE: 8SV1), provides this amend on the cachet of the assay of its circumscribed anniversary banking statements for the year assured December 31, 2020 (the “2020 Banking Statements”), the administration altercation and assay and the accompanying administrator certifications. As ahead announced, the British Columbia Securities Commission issued a administration cease barter adjustment on May 4, 2021 because the Aggregation was clumsy to appropriate book the 2020 Banking Statements, and the Aggregation is filing this cachet amend in accordance with National Policy 12-203, Administration Cease Barter Orders, which requires bi-weekly updates by way of account releases.

The Company’s auditors accept amorphous the assay but it will booty some added time to agree the audit, and the Aggregation now expects to book it on or afore May 25, 2021. The Aggregation will accommodate added updates as required.

About WPD Pharmaceuticals

WPD is a biotechnology analysis and development aggregation with a focus on oncology, namely analysis and development of alleviative articles involving biological compounds and baby molecules. WPD has accountant in assertive countries 10 atypical biologic candidates with 4 that are in analytic development stage. These biologic candidates were researched at medical institutions, and WPD currently has advancing collaborations with Wake Forest University and arch hospitals and bookish centers in Poland.

WPD has entered into authorization agreements with Wake Forest University Health Sciences and sublicense agreements with Moleculin Biotech, Inc. and CNS Pharmaceuticals, Inc., respectively, anniversary of which admission WPD an exclusive, royalty-bearing sublicense to assertive technologies of the licensor. Such agreements accommodate WPD with assertive research, development, accomplishment and sales rights, amid added things. The sublicense area from CNS Pharmaceuticals and Moleculin Biotech includes for best compounds 31 countries in Europe and Asia, including Russia.

On Behalf of the Board

?Mariusz Olejniczak’

Mariusz OlejniczakCEO, WPD Pharmaceuticals

Contact

Investor RelationsEmail: [email protected]: 604-428-7050Web: www.wpdpharmaceuticals.com

Neither the Canadian Securities Exchange nor the Investment Industry Authoritative Organization of Canada accepts albatross for the capability or accurateness of this release.

This columnist absolution contains advanced statements. Advanced statements are statements that contemplate activities, challenge or developments that the Aggregation can advance able drugs adjoin blight and possibly viruses. Factors which may anticipate the advanced attractive account from actuality accomplished accommodate that competitors or others may auspiciously claiming a accepted apparent and the apparent could be rendered void; we may be clumsy to accession acceptable allotment for our research; we may be clumsy to expend acceptable funds on analysis to accumulate our sublicense rights; our admission applications may not be acknowledged or if successful, we may not accommodated the requirements to accept the grants awarded; that our drugs don’t accommodate absolute treatment, or if they do, the ancillary furnishings are damaging; competitors may advance bigger or cheaper drugs; and we may be clumsy to access authoritative approval for any drugs we develop; the filing of the 2020 Banking Statements as able-bodied as the banking statements and accompanying abstracts for the aboriginal budgetary division of 2020 and the projected timing. Readers should accredit to the accident acknowledgment included from time-to-time in the abstracts the Aggregation files on SEDAR, accessible at www.sedar.com. Although the Aggregation believes that the assumptions inherent in these advanced statements are reasonable, they are not guarantees of approaching achievement and, accordingly, they should not be relied aloft and there can be no affirmation that any of them will prove to be accurate. Finally, these advanced statements are fabricated as of the date of this columnist absolution and the Aggregation assumes no obligation to amend them except as appropriate by applicative law.

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Financial Statement Analysis Template – Financial Statement Analysis Template
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